Absolutely correct, they wouldn't take advice from me. But, you feed their ego enough and ask the right questions they will share what works for them. Remember, I would be the one looking for help from them, not the other way around.
Absolutely. I have learned much from traders above me - not by feeding egos but by being, for lack of a better word, "gracious". I am here to learn. Perhaps the following is only one reason why a successful trader won't share.
I personally know a trader (doesn't live far from me) who takes over a million out of the futures market every year. I got to know him slowly, saw he was no BS artist, and through conversation he showed me a great deal. Why, you may wonder, was he apprehensive at first? Because MANY people are NOT open minded. I was in a forum / blog with him and when he stated the amount of $$ he made on an annual basis the beating he took in the blog was just unbelievable! He got on the phone with me and said he'd NEVER share his income again. Why help those who don't want to be helped and are probably frustrated traders or wannabes. And the ironic part he said is "you have no idea how much some traders make in this business, while I am comfortable with my income, to some traders my million a year is chump change."
I still am in contact with him . . . now only if he'd give me about $200K to trade with .
One caveat here, I've also learned from traders below me . . . there is always something to learn. Open your ears, eyes and mind.
Just my humble opinion.
Last edited by mmtrader4; January 17th, 2011 at 07:55 AM.
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Don't pro golfers take advice from their caddies? Tiger is routinely coached by golfers who are not as good as he is, given that Jack Nicholas never coached him. Pete Carrill, one of the greatest college basketball coaches of all time (Princeton), was about 5'7" tall. Those who know less than you may still know something you do not.
"You don't need a weatherman to know which way the wind blows..."
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... my friend Charlotte the Harlot uses the same approach in her line of work... quit effectively I might add .
Disclaimer: This post does not represent the view point the owners, managers, or moderators of this web site and is not intended as a slam against any moderator, board member, any banned former members whose name we dare not say, any other living person, any recently living person or any person or persons whose status we are not sure of. This post is meant purely in jest and should not be confused with a real thought.
I'm just a simple man trading a simple plan.
My daddy always said, "Every day above ground is a good day!"
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